Buy Escorts, price target Rs 1,430: Yes Securities

Yes Securities has a buy call on Escorts near Rs 1,330 with a target price of Rs 1,430. The current price of Escorts is Rs 1,349.8 . Yes Securities recommended to keep a stoploss at Rs 1,280 .

Escorts, incorporated in the year 1944, is a mid cap company with a market cap of Rs 18,229.63 crore, operating in auto sector.

Escorts' key products/revenue segments include tractors agricultural, other operating revenue, scrap, sale of services and export incentives for the year ending 31-Mar-2020.

Financials
For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 2,090.93 crore, up 23.48 per cent from last quarter's total income of Rs 1,693.37 crore and up 24.60 per cent from last year same quarter's total income of Rs 1,678.15 crore. Company has reported net profit after tax of Rs 279.46 crore in latest quarter.